News from Notch Consulting, Inc.

June 8, 2017

Update: Wanli parent company to invest $1 billion in South Carolina plant

Filed under: Tires — Notch @ 3:46 pm

Guangzhou Vanlead Group Co. Ltd., the China state-owned entity that controls Wanli Tire Group, plans to invest $1 billion in two phases over eight years to build a radial tire plant in Orangeburg County, South Carolina. The first phase will be a plant capable of producing 6 million consumer tires a year.

At the 2017 China(Guangdong)-U.S. Investment Cooperation Conference held in Guangzhou April 20-23, Fu Shoujie, Chairman of Guangzhou Vanlead Group Co., Ltd. and Alan Daniel Young,Executive Director of the Coordinating Council for Economic Development at the South Carolina Commerce Department, signed a project investment Letter of Intention as the respective representatives from both parties.

You can read the full press release here.

1 Comment »

  1. […] Guangzhou Vanlead Group Co. Ltd. has put on hold indefinitely plans it announced a year ago to invest $1 billion in a tire plant in South […]

    Pingback by Wanli puts U.S. plant plans on hold | News from Notch Consulting, Inc. — July 4, 2018 @ 12:58 pm

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